Coin time savings bank



oct. 14, 1930. D1. CHANDLER 1,778,022

COIN TIME SAVINGBANK v Filed Jan. 8, 1929 2 Sheets-Sheet 2 Patented Oct. 14, 1930 UNITED STATES PATENT OFFICE DANIEL L. CHANDLER, OF BOSTON, MASSACHUSETTS, ASSIGNOB T0 FRED H. ROWE, 0l'

` L BOSTON, MASSACHUSETTS COIN TIME SAVINGS BANK Application led January 8, 1929. Serial No. 331,029.

` L 4 My present invention relates to coin savings banks, and more-particularly to a com time savings bank in the form of a clock.

This invention is designed for the purpose of stimulating the practice of saving money by a systematic principle, either for the adult or the child. For many years past it has been a recognized fact that small coins were more easily saved if in so doing some simple mechanical device was used l in which the child derived some measure of pleasure in the mechanical movement of 4the device into which his coin was dropped, but in most prior devices of this kind it was practically impossible to actually tell whether or not the child.

had dropped his or her coin in the bank as he or she had been instructed.

In my present device, the clock lis so arranged together with other appropriate mechanism that the face of the clock is covered un:

l less a coin has been dropped in the bank each day.- Once every twenty-,four hours the mechanism of the clock attachments resets the disk so that the face of the clock is covered and a new coin each morning must be inserted before the time is ascertainable.

By such an arrangement, the clock always` shows whether or not the child has deposited a coin as instructed, or'in the case of the adult,

a coin must be deposited if the time is to' be read, thereby creating an incentive to regular and constant savings in varying amounts from'one cent u ward.

The princi a object therefore, is a coin timelsavings bank for use by. both the child and the adult.

In the drawings accompanying this speci-- iication,

Fig. 1 is a front elevation showing the clock in a positionicorres onding to the position presented following t e dropping of a coin,

Fig. 2 is a fragmentary side elevation corresponding to' 1 1, but showing the face of the clock close priorA- to the dropping of a com,

Fig. 3 is a plan section taken on the line 3-3 of Fig. 2, n

Fig. 4 is vertical section taken'on the line Fig. 5 a detail of the trip mechanism, and

Fig. 6 is a perspective view of the coin box into which the coins drop after having-passed way down the back andprovided'with flanged edges along the top or sides adapted to be secured to the box 10 in any suitable manner as by countersunk screws 12. A coin box 13 is provided as a receptacle for coins Isliding into the box 10 adjacent the bottom of said box 10 and directly below the back plate 11 such that the outer face 14 is in vertical alignment with the said back plate 11 when the coin box 13 is in a closed relation to the box 10. A hinged door 15 swinging on the hinge member 16 and pintle 17 is provided with. any suitable lock as indicated at 18 such that the entire coin box 13 maybe easily withdrawn and taken to the savings bank for the purpose of crediting its contents on the dewhich is" in alignment with other apparatus i hereinafter described for the purpose of receiving the coins that are passed through the bank and which actuate certain other mechanism as will be described later. l

Centrally disposed in the box 10 is a horizontal shelf 2O having upturned flanges 21 adapted to be held to the sides of the box 10 by means of screws 21. Attached to such shelf 2O is a standardclock 22, the face of which is in alignment with an opening 23 provided in the front of the box 10 over which is mounted a cr stal 24. At the rear of the clock 22 is an a ditional gear train comprising a pinion 25 secured to an extension shaft directly congear ratio of the gear train is so proportioned at 4the gear 29 on which the pin 30 is located revolves once in' every twenty four revolutlons ofthe hour hand shaft extension 26.

v To one side of the clock 22 and also mounted on the shelf 2O is a pair of bearing members 3l adapted to receive a horizontal shaft 32 journalled therein. Attached to the front end of this shaft 32 is an arm 33. At-the ex-l treme left end of the arm 33, asA viewed' in Fig. 4, 1s acoinreceptacle composedof sheet Y metal as indicated'at 34. The two sides and back of this'receptacle 34 are closed. as well as a portion ofthegunder sidesuch'that when i vin Fig. 4, at which time the coin` will drop through the opening 19 in the coin box 13. A counter-weight 35 is provided on the opposite end of the' arm 33' for the purpose of returning the arm to a high position with respect to the receptacle 34 end,'a.s shown more clearly in dotted lines in Fig. 2. Midway between the receptacle 34 and the front4 bearing 31, islocated a disc 36 securely attached to the side arm -33 and positioned at a point on the arm 33 such thatwhen the arm is in the' position shown in Fig. `2, the disk 36 will entirely cover the face of the clock, but when the arm 33 is in the posit' ,n indi.; cated in Fig. 4. the face of the cloc will be uncovered, further illustrated-in Fig. 1. Midway along the shaft132 is a vertically disposed rod 37 adapted to engage with a dog lever 38 journalled in a bearing member 29 attached. to the shelf 22, the extreme end of which'acts as a stop member so that.y the dog lever 38 cannot be displaced in a backward direction in the event the entire box 10 is upset. The.

forward movement of the dog lever 38 is also limited -b means of contact against the extension s aft 26. A bracket 39 is attached to the dog lever 38 for the purpose of engagf its force and dropthe disc 36 unless obstructed by the dog lever 38 and the rod 37 in which event it will raise the disc 36 to the position indicated inFig. 2. y

y Having thus described' my invention, what IIclaim; as new is: l

Inl af-time savings bank, the combination oi"a casing,a time-piece mechanism located within said casing'the face of said time-piece adaplted to" re ister with an opening located in t "e'side o said casing, a pivoted screen member mounted to one side of said time-piece mechanism andv comprising a lever the extreme 'end adjacent the said` pivot being pro vided with a counterweight, the opposite end being providedfwith an openended container adapted to receive and discharge acoin, said coin being discharged from said container by means` of gravity acting thereonpthe saidl screen comprising a `flat sheet of material mountedin a vertical position between said coin container and said pivot, a locking and release mechanism comp-rising a gravity operated lever pivoted within said casing 'at y a point adjacent its lower end, the opposite end bent to form a catch, an oiset member attached to' said gravity operated lever, a lever permanently attached to said screen lever and adapted to engage with said catch on said gravity operated lever for the purpose of maintaining the said screen in an open position following the dropping of a coin in the said bank; a pin member mounted on the time-piece mechanism and adapted to contact periodically with the oi'set member attached to the said gravity operated member for the purpose of releasing the said permanentlyr attached lever to the said screen lever when engaged by the said catch, substantially as shown and described.

In witness, whereof, I have subscribed my name this 2nd` day of October, 1928. DANIEL L. CHANDLER.

opening 41 is provided on said bracket 39 to allow the pin 30 to pass by after having first moved the'do lever 38 out of engagement with the rod 3 y It will be seen that the clock mechanism i can be so connected and timed that the gear 29 will, by means of the'pin 30, trip the dog lever 38 at a predetermined hour, as for instance 2 a. m. every day and thereby necessitating the insertion of another coin which will in turn throw Idown the receptacle end of the arm 33 and engage the rod 37 with the dog lever 38 such that theface of the clock 'will be uncovered until the pin 30 on the gear 29 again engages the bracket 39 thereby closing the face of the clock 22 by means of the disc 36 and counterweight 35. The counterweight 35 is so porportioned in weight that the weight of the smallest coin will counteract 

